Today the Member of Parliament for Wolverhampton North East has welcomed £ 19,992,245 in new funding for Wolverhampton City Council as part of the latest round of Levelling Up Funding to deliver the Green Innovation Corridor.
The project was drawn from the impressive pool of bids which narrowly missed out in the second round of funding but were assessed as high-quality and able to deliver quickly for local people.
In total, the third round of the Levelling Up Fund has awarded nearly £1 billion to55 projects across the country, including £150 million to develop better transport links across the country and £825million to kick-start regeneration in town centres.
This builds on the £3.8 billion that has already been awarded to 216 projects across the first two rounds of the Levelling Up Fund, helping to drive prosperity and pride in place in communities across the UK.
The latest Levelling Up Funding follows the £1 billion Long-Term Plan for Towns announced last month to empower communities and help revive high streets, tackle anti-social behaviour, improve transport and grow the local economy.
The commitment also follows other initiatives designed to support towns, including driving economic growth in 101 areas through the Towns Fund, and the£1 billion Future High Streets Fund, which is creating thriving high streets.
The Conservative Government is taking the long-term decisions for a brighter future for people across the country by transforming places that have been overlooked for too long, spreading opportunity and growing our economy.
Commenting, Jane said:
“I'm thrilled that DLUHC Ministers have met with me over the past few months to discuss the Green Innovation Corridor. I took Secretary of State Michael Gove to the site in July, and have repeatedly met Levelling Up Minister Jacob Young to stress how important this bid is to our city's future economy.
Without good jobs and new businesses based here, Wolverhampton's prospects won't change.
This bid will see homes, businesses and jobs all brought to a beautiful stretch of heritage canal.
I hope the Council can accelerate this project so Wulfrunians see the results of record Government investment in our city. All our Levelling Up bids have now been funded, and I'm delighted with this result
Commenting, Levelling Up Secretary Michael Gove said:
“Levelling up means delivering local people’s priorities and bringing transformational change in communities that have, for too long, been overlooked and undervalued.
“Today we are backing 55 projects across the UK with £1 billion to create new jobs and opportunities, power economic growth, and revitalise local areas.
“This funding sits alongside our wider initiatives to spread growth, through devolving more money and power out of Westminster to towns and cities, putting in place bespoke interventions to places that need it most, and our Long-Term Plan for Towns.”